Older-worker rate highest since 1962

These people need some kind of incentive to retire so others can take their place.More Americans age 65 and over are still punching the clock, and the last time the percentage was this high was when John F. Kennedy was in the White House.

Last month, 19 percent of Americans age 65 and over were still working, according to government data released Friday. That’s the highest rate since 1962, and it caps a long trend higher since the figure bottomed out at 10 percent in 1985. MORE